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Good Times Restaurants (GTIM) has 1 split in our GTIM split history database. The split for GTIM took place on February 23, 1998. This was a 1 for 5 reverse split, meaning for each 5 shares of GTIM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Good Times Restaurants conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GTIM split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Good Times Restaurants shares, starting with a $10,000 purchase of GTIM, presented on a split-history-adjusted basis factoring in the complete GTIM split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-8.64%|
|About Good Times Restaurants|
|Good Times Restaurants operates and franchises Bad Daddy's Burger Bar restaurants (Bad Daddy's) and Good Times Burgers & Frozen Custard (Good Times) restaurants. Bad Daddy's and Good Times are two distinctly different, yet complementary, restaurant concepts. Bad Daddy's operates in the casual dining segment of the restaurant industry. Bad Daddy's operates all of its company-owned restaurants under a table service / full-bar service model. The menu is comprised of burgers, salads, sandwiches, and appetizers. Good Times is a quick service restaurant concept offering hand crafted products. Good Times provides a menu of Angus beef and chicken. According to our GTIM split history records, Good Times Restaurants has had 1 split.|
|GTIM Split History Table|
|02/23/1998||1 for 5|
|Services Stock Splits|
|GTIM is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: GTIM shares outstanding history